The final rate was achieved on a 72/64" choke with a wellhead flowing pressure of 810 psi. The oil was high quality 38 degree API and no formation water was detected. The Company's expectation of an increase in its contingent resources is based on the now proven lowest known oil in the Kurdamir-2 well at 2,590 metres, 28 metres deeper than reported following the initial open-hole test conducted in March 2012.
The test results also validate that the prospective resources contained in the Oligocene extend still further down the structure; and this will be further evaluated in the upcoming Kurdamir-3 well to be drilled once current operations on Kurdamir-2 are completed.
The operator, Talisman (Block K44) B.V. ("Talisman") will continue the testing program of two additional Oligocene intervals at Kurdamir-2. Upon completion of the testing program, test and wire log data will be analyzed and the Company will release an updated resource estimate for the Oligocene once confirmed by its independent auditors.
WesternZagros and Talisman each have a 40 percent working interest in the Kurdamir Block with the Kurdistan Regional Government ("KRG") holding the remaining 20 percent.
(Source: WesternZagros)
About to get another 100 shares...I called this stock...It's set to explode